Which of the following is an advantage of purchasing technology already available in products or processes?
A) It is simple to implement and cost-effective.
B) The technology is proprietary and provides competitive advantage.
C) It speeds up the purchasing firm's learning curve.
D) It helps improve the purchasing firm's internal development capabilities.
E) The purchasing firm gains control and ownership over the desired technology.

Question

Quizplus · Accepted Answer

Purchasing technology that is already available in products or processes is advantageous because it is simple to implement and cost-effective. The purchasing firm does not have to invest resources in developing the technology from scratch, and can instead focus on implementing it to improve their products or processes. This saves time and money, and can improve the efficiency of the purchasing firm's operations.

Which of the Following Is an Advantage of Purchasing Technology